An army of Freddie Mac-ers is scouring the vendor halls at the Mortgage Bankers Association's National Technology in Mortgage Banking Conference now underway in San Diego.Freddie is using the conference to pursue its new strategy of meeting its technology needs with out-of-the-box products. Pegging this "sea change" to its previous policy of building in-house, Freddie Mac officials said this new initiative would be matched by an effort to broaden its search for new technology personnel beyond the Beltway to markets such as Chicago, where it already has regional offices. Freddie tied the new initiative to its embrace of e-mortgages and service-oriented architecture. The company's website is http://www.freddiemac.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
9h ago -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
10h ago -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
10h ago -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
10h ago -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
11h ago -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








